Joseph Francis Wallace Tr
- Assets
- $6.4m
- Revenue
- $323.7k
- Investments
- $192.2k
- Employees
- 0
- Location
- McGehee, AR
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 71-6157075
Organization Overview
Joseph Francis Wallace Tr is located in McGehee, AR. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph Francis Wallace Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Joseph Francis Wallace Tr generated $323.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $332.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Joseph Francis Wallace Tr has awarded 15 individual grants totaling $290,111. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALVATION ARMY
MCGEHEE HOSPITAL FOUNDATION
BOYS & GIRLS CLUB OF MCGEHEE, AR
UAM FOUNDATION FOR SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gibbs Ferguson Trustee | 5 | $0 | |
Robert Lucky Trustee | 0.25 | $2,400 | |
James R Daniels Trustee | 0.25 | $2,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,400 |
| Interest on Savings | $311,856 |
| Dividends & Interest | $8,611 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $836 |
| Total Revenue | $323,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,034 |
| Depreciation | $10,724 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,470 |
| Total operating and administrative expenses | $42,249 |
| Contributions, gifts, grants paid | $290,111 |
| Total expenses and disbursements | $332,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $573,911 |
| Net Accounts receivable | $1,477 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $5,496,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $162,513 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $315 |
| Total assets | $6,426,397 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Joseph Francis Wallace Tr has awarded $290,111 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
WALLACE TRUST FOUNDATION PURPOSE: SCHOLARSHIPS/CHARITABLE | $10,909 |
CITY OF MCGEHEE OWLFEST PURPOSE: CIVIC | $1,000 |
MCGEHEE MEN'S CLUB PURPOSE: CHARITY | $5,000 |
BOYS GIRLS CLUB OF MCGEHEE PURPOSE: CHARITY | $51,500 |
SALVATION ARMY PURPOSE: CHARITY | $25,000 |
MCGEHEE FOOD PANTRY PURPOSE: CHARITY | $31,000 |